TSE:CNQ

Canadian Natural Rsrcs (CNQ.TO)

62.85
-2.08 (3.20%)
as of Aug 5, 2026, 8:00:01 pm Market Open.
1402 watching
0
Investor Insights
star iconAug 5, 2026, 12:00 am

This summary was created by AI, based on 97 opinions in the last 12 months.

Canadian Natural Resources (CNQ) is regarded as one of the best-managed companies in the Canadian energy sector, known for its disciplined management, diverse asset base, and consistent returns to shareholders through dividends and buybacks. Many analysts highlight its strong cash flow generation capability, allowing it to be profitable even when oil prices dip to as low as $40-$50 per barrel. While the overall sentiment about the long-term price of oil remains bearish, with predictions suggesting lower prices in the coming years, experts agree that CNQ's operational efficiencies and low-cost production give it a competitive edge. Despite short-term price volatility linked to fluctuating oil prices, the consensus is that CNQ remains a solid investment for long-term holders, albeit with caution regarding entry points. The stock is well-positioned to weather market cycles, but timing purchases based on oil price movements is recommended.

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Consensus
Hold
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Valuation
Fair Value
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Similar
Suncor,SU
DON'T BUY
(Market Call Minute.) There is no rush to be there and doesn't give you a yield like some of the trusts.
COMMENT
One of the best managed oil companies in Canada. Their new Horizons project is coming on stream any day now, which will give them a big boost in production. He is looking for oil to rebound later this year. However, oil sands has a larger environmental footprint.
WAIT
Because of the continuing erosion of their underlying commodity, it is very difficult to know where you will see that turn. Don't Buy until you see oil prices go up along with the stock price. (Would be more interested at $50.)
BUY
(Market Call Minute.) Best quality of exploration and production companies after Encana (ECA-T). Has an oil sands project that is on stream and starting to produce.
HOLD
Great company. One of the 3 premier companies in Canada along with Suncor (SU-T) and Encana (EC A-T). Oil prices will come back again someday and they are very well positioned. Financing is still tight so can't see a takeover at this time.
TOP PICK
Well-managed. Top assets. Low cost. Slight amount of debt. Just built a brand new oil sands project and he hopes it operates at $29 a barrel. Have planned hedging with all sorts of businesses they can shuffle around in order to get at their debt. A core long-term hold.
BUY
One of the premier companies in oil/gas. Will have a dip in cash flow this year but going into next year and beyond he could see cash flow back at $9-$10, which at current prices makes this stock compelling.
BUY
The Horizon project is still going on and costs may have come down a bit. Very cheap. Good story and long-term growth.
COMMENT
You want to be careful with any company, particularly in the energy sector, to be sure you are buying a diversified company and will sustain and weather in an economic downturn.
BUY
Technically, it is acting very well. Has a lot of exposure to oil sands. You could own this for a couple of years if your view is oil is working its way higher.
COMMENT
Probably has the best oil leverage. Recognized by international investors as a "go to" name.
TOP PICK
Strategy: Buy this ($44.13?) and 1) Sell Aug $46 Calls @ $9.10 2) Sell Aug $46 Puts @ $10.70 for a net cost of $24.33. For selling the Call option you agree to sell the shares for $46. For selling the Put options you agree to buy more shares at $46. Only one of those options will have any value in August.If stock is above $46 your return is $46 divided by your net cost of $24.33 giving an 81% return.If stock is below $46, you have to buy another block of shares at $46. The $46 plus the $24.33 net cost, your average cost is $34.23, which is a very good investment.
TOP PICK
(A Top Pick Oct 30/07. Down 40%.) Horizon project should hit 75% of production capacity of 77,000 barrels next year. Execution risks are very low. Looking for 25% growth per share next year. Strong balance sheet.
COMMENT
Likes this one because it has some profit growth right now. His preference would be Imperial Oil (IMO-T), Canadian Oil Sands (COS.UN-T), Nexen (NXY-T) and Husky (HSE-T). However, ROE levels are about to erode.
TOP PICK
A lot of the senior oil companies in Canada have been crushed. Trading around 4X next year's cash flow. The Horizon oil sands play, which has been a big cap X drag, is just about done. This will add a lot of cash flow.
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